Tagetik increases its presence in the manufacturing industry

Leading companies like Brembo, Lucchini, Natuzzi, Menarini, Cartiere Burgo and many more have already adopted Tagetik’s solution

Rapid, effective management of processes normally governed globally; reducing data collection and processing times while improving quality; automating key processes through Corporate Performance Management functions; reducing technical and IT maintenance costs and implementation times (TCO); and monitoring working capital and Italian operations. These are the key objectives of Yahama Motor Italia, which has opted for Tagetik’s innovative Corporate Performance Management solution

“Tagetik CPM has brought to our company a new approach for effective and efficient financial and capital planning. This has also transformed our unit into a leading-edge example in this area,” said Claudio Presot, Corporate Planning & IT Division Manager of Yamaha Motor Italia, “In just a few short months, Tagetik has given us the capacity to manage our financial and capital planning processes autonomously and rapidly. This has been especially welcomed by our international top management, who found themselves dealing with an innovative and immediately understandable solution.”

“Companies have long developed methodologies and skills for controlling forecast and actual profit-and-loss performance. In recent years, new theories of value (EVA) and regulatory compliance needs (IAS, SOX) have shifted the emphasis from economic aspects to capital and financial issues. This has generated a need to implement simple, but rigorous, forecasting and simulation tools to model company and group capital and financial budgeting,” commented Manuel Vellutini, Chief Operating Officer at Tagetik. “Financial planning therefore requires a solution that unifies phases and processes in order to reconcile compliance requirements with the need for efficiency, control and data visibility, all managed within a single environment.”

With over 10 years of experience in CPM, Tagetik has developed a unique, innovative product that leverages cross platform technology. This paves the way for faster process cycles, powerful scalability, short implementation time, and lower TCO. The Tagetik CPM solution combines all Corporate Performance Management (CPM) applications and processes into a single product. It meets companies’ needs with flexibility and speed, regardless of company size or business sector. This approach to CPM requirements can cut overall costs of acquisition, installation, training and management (Total Cost of Ownership  - TCO, as defined by Gartner) by over 50% compared to other solutions.

As confirmation of industry’s interest, today Yamaha Italia Motor will be hosting a Tagetik focus group on CPM at its offices in Milan. This forum aims to foster direct dialogue between leading operators, academics, and Tagetik to shed light on the experiences and requirements of companies in this sector.

About Tagetik  

Tagetik is an international provider of the next generation of Corporate Performance Management (CPM) solutions. Tagetik CPM is an innovative single CPM solution that leverages cross platform technology and delivers unified and faster process cycles, powerful scalability, short implementation time and lower TCO. With over 10 years of experience, Tagetik has embedded the knowledge and best practices of its customers into Tagetik CPM.

Tagetik CPM is the first software solution with built-in, flexible and unified financial, operational CPM and application processes such as budgeting, financial planning, consolidation, financial and operational reporting and analysis. Tagetik has over 250 customers including Unicredit, Telecom Italia, Bank Pekao, Manuli Rubber Industries, SSL Healthcare, Mediaset, De Agostini, Fininvest, Mediobanca, BNL, Eni Snamprogetti, IFI-Ifil, Marzotto, Valentino, Banca Popolare di Milano, Impregilo, Astaldi, ERG, Acea, Brembo, Milan, Techint, Illy, Il Sole 24 Ore, Yamaha,  Barilla.